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Aave price surges as proposal for Chainlink integration gains traction
Aave's native token, AAVE, surged 12% to $369.10 following a proposal to integrate Chainlink's Smart Value Recapture (SVR) system, aimed at redistributing profits from Maximum Extractable Value (MEV) during liquidations. This integration could enhance value for all participants in the protocol. With open interest rising by 32% to $376 million, market confidence is strong, and a breakout above the three-year high of $399.85 could push AAVE above $400 for the first time since 2021.
BeInCrypto
Aave USD Chainlink USD YouHodler SA Show more
Finance & Economy, Market Report
18:00 24.12.2024
dogecoin open interest declines as price faces significant correction risks
Dogecoin's Open Interest has plummeted to $1.42 billion, nearing a two-month low, following a 20% price drop in the past week. This decline indicates reduced trader confidence and suggests a bearish outlook, as the Mean Dollar Invested Age rises, reflecting stagnant holdings. If the downward trend continues, DOGE could fall to $0.27, while a recovery above $0.35 may lead to a rebound towards $0.48.
BeInCrypto
YouHodler SA
Finance & Economy, Market Report
10:00 24.12.2024
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